The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Neurocrine Biosciences, Inc. shares valued at $421,828 were sold by Boyer David W. on Sep 13 ’24. At $121.88 per share, Boyer David W. sold 3,461 shares. The insider’s holdings dropped to 1,672 shares worth approximately $0.2 million following the completion of this transaction.
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Also, DAVID WARREN BOYER purchased 4,756 shares, netting a total of over 576,808 in proceeds.
Before that, RASTETTER WILLIAM H had sold 14,250 shares from its account. In a trade valued at $2,090,332, the Director traded Neurocrine Biosciences, Inc. shares for $146.69 each. Upon closing the transaction, the insider’s holdings decreased to 14,250 shares, worth approximately $4.44 million.
Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late August. As of April 24, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for NBIX.
Analyzing NBIX Stock Performance
During the last five days, there has been a surge of approximately 6.03%. Over the course of the year, Neurocrine Biosciences, Inc. shares have dropped approximately -10.18%. Shares of the company reached a 52-week high of $157.98 on 08/01/24 and a 52-week low of $110.95 on 10/03/24. A 50-day SMA is recorded $127.50, while a 200-day SMA reached $135.57. Nevertheless, trading volume fell to 0.86 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Neurocrine Biosciences, Inc. (NBIX)
According to the 24-hour chart, there is a support level at 116.59, which, if violated, would cause prices to drop to 114.83. In the upper region, resistance lies at 120.11. The next price resistance is at 121.87. RSI (Relative Strength Index) is 49.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.11, which suggests the price will increase in the coming days. Percent R is at 19.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
